The project will add 163 apartments, 16 of which will be considered affordable.
A retail-to-residential makeover is in the works in Swampscott.
Boston-based real estate development firm Centercorp Retail Properties is planning to redevelop Swampscott Mall and turn it into a mixed-use property with an apartment building and three restaurants.
Andrew B. Rose, principal at Centercorp Retail and the owner of the property, said the driving force behind this redevelopment is the MBTA Communities Act Governor Charlie Baker signed in 2021. The act aims to encourage multifamily housing development in communities the T serves…